The indicator allows you to accurately determine the strength and direction of the trend. The histogram in a separate window shows the change in the slope of the regression line. The signal for entering a trade is the intersection of the zero line and (or) divergence. It is also convenient to use the indicator for wave analysis.
Input parameters:
- Period – the calculation period, by default 10;
- Angle threshold – the angle at which the flat is displayed, by default 6.0 (in the range from -6.0 to 6.0);
- Filter by volume – filter by volume (divergence signals are not applied when the volume is below the average for the last 50 bars), by default true;
- Display divergence alert-enables divergence alerts, default is true;
- Arrows displacement – offset of the divergence signal arrow, default 5.0;
- Display cross zero alert-enables notification of zero line crossing, by default true;
- Draw indicator trend lines-enables the display of the indicator’s trend lines in case of divergence, by default true;
- Draw price trend lines-enables the display of trend lines on the price chart in case of divergence, by default true;
- Line bull divergence color – the color of the bullish divergence line, green by default”;
- Line bear divergence color – the color of the “bear” divergence line, by default “red”.
[spoiler title=”Read More…”]
Currency pair – any currency pair. Timeframe – any time frame.
[/spoiler]